blocked currency
Definitions
Accounting
- noun a currency which cannot be taken out of a country because of government exchange controls
Forex
- (written as Blocked Currency)A currency that is prohibited from being exchanged on the Forex. For political or economic reasons, a central bank may restrict some currency from being converted into another nation's currency. Also see nonconvertible currency.
Politics
- noun money which cannot be taken out of a country because of exchange controls
